Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,483 shares of the company's stock after selling 778 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in CrowdStrike were worth $16,931,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after acquiring an additional 712,900 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in CrowdStrike during the fourth quarter worth about $237,375,000. Amundi lifted its position in shares of CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after purchasing an additional 408,190 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the period. Finally, State Street Corp grew its holdings in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

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CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $10.40 during trading on Monday, reaching $372.64. The company's stock had a trading volume of 4,144,121 shares, compared to its average volume of 4,768,325. The business has a 50 day moving average price of $386.53 and a 200-day moving average price of $345.25. The company has a market capitalization of $92.37 billion, a P/E ratio of 730.68, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Analyst Ratings Changes

A number of analysts have recently weighed in on CRWD shares. Wedbush upped their price objective on CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Bank of America upped their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Citigroup reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their price objective on CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets upped their target price on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $399.51.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now owns 811,842 shares of the company's stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 2,858 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the sale, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. This represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,858 shares of company stock worth $21,288,706. Corporate insiders own 4.34% of the company's stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.